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This argument is getting tiresome. What makes pork bellies a store of value? What makes shiny metal a store of value? What makes network effects of any kind a s
by chrisco255 6y ago
This argument is getting tiresome. What makes pork bellies a store of value? What makes shiny metal a store of value? What makes network effects of any kind a store of value? Liquidity is a value prop in and of itself. Trustlessness another. Network effects another. Continuity and network uptime another. Resilience and antifragility another. That's without even getting into the cross-border, censorship resistant, fully auditable, open source and international currency aspect of it.
- orbifold 6y agoStore of value == be able to bury it in a grave for 5000 years and be sure that it will have kept its value when someone finds it. I am almost certain that bitcoin wouldn’t survive societal collapse.
- kaibee 6y agoI'm highly skeptical of any store of value surviving 5000 years from now. If the apocalypse happens, you can't eat gold.
- scotty79 6y agoAnd if asteroid mining happens, gold might be as common (in the form of alloys) as steel. You can imagine someone burying at the beginning on iron age (which happened less than 5000 years ago) big chunk of this wondrous, rare and hard to work with material. And today we are making insanely huge buildings out of it.
- triceratops 6y ago> What makes pork bellies a store of value? You can eat them. If you salt them, they'll last a long while.